Bitwise CIO says Bitcoin could hit $1M in $38T store-of-value market
Matt Hougan says Bitcoin could reach $1 million per coin if it captures a larger share of the global store-of-value market.
Bitcoin price started a recovery wave above the $68,500 zone. BTC is now consolidating and might aim for more gains above $70,500. Bitcoin started a decent recovery wave above the $69,200 zone. The price is trading above $68,500 and the 100 hourly simple moving average.
BitMEX co-founder Arthur Hayes said he will start buying Bitcoin when the US Federal Reserve eases monetary policy and starts printing money amid rising tensions in the Middle East.
March 11, 2026, 2:05 amWith bitcoin trading between $65,962 and $73,669 this week, market data shows South Korea posted its deepest discount to global prices since December 2024. Rare Bitcoin Discount Hits South Korea — Only Three Such Events Since 2022 Bitcoin is trading at a discount in South Korea, as metrics collected at 7 p.m.
March 11, 2026, 1:05 amMatt Hougan says Bitcoin could reach $1 million per coin if it captures a larger share of the global store-of-value market.
In a recent X post, market analyst X Finance Bull claimed that buying XRP at its current price above $1 could be similar to purchasing Bitcoin (BTC) at just $200 in its early days, before the pioneering cryptocurrency skyrocketed.
Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus.
Bitcoin has climbed back to the top of its current trading range, placing the market at a critical decision point. While a breakout could open the door to further upside, analysts warn that failure to push higher may trigger a sharp rejection. If selling pressure emerges at these highs, Bitcoin could rotate back toward the key support level around $62,800.
20 million coins out of Bitcoin’s 21 million supply cap have now been mined. Here’s how long it will take for the remaining tokens to hit circulation.
Armed criminals posing as police officers forced a French couple to transfer roughly $980,000 worth of bitcoin during a violent home invasion on Monday in Chesnay, France, in what authorities say is part of a growing wave of crypto-linked kidnappings across the country.
Bitcoin can hit a price of $1 million per coin even with "reasonably conservative assumptions," Bitwise CIO Matt Hougan argued.
Matt Hougan bitcoin would only need to capture roughly 17% of the global store-of-value market to reach $1 million.
Bitcoin is attempting to hold support around $70,000 following a sharp market correction.